Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Technical Analysis

USD/CNH: Expected to trade in a 7.2550/7.2900 range – UOB Group

Source Fxstreet

US Dollar (USD) is expected to trade in a 7.2550/7.2900 range. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

Current price movements are likely part of range trading

24-HOUR VIEW: “Yesterday, we expected USD to ‘trade in a range, most likely between 7.2500 and 7.2900.’ However, USD traded in a narrower range than expected (7.2560/7.2833), closing largely unchanged at 7.2790 (-0.02%). Momentum indicators are neutral, and further range trading appears likely. Expected range for today: 7.2550/7.2900.”

1-3 WEEKS VIEW: “Our most recent narrative was from last Friday (06 Dec, spot at 7.2660), wherein ‘the current price movements are likely part of range trading, probably between 7.2400 and 7.2900.’ USD traded in a relatively quiet manner the past few days and there is no change in our view.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US May CPI Preview: Rising Inflation May Push Up Fed Rate Hike Expectations, How Will US Stocks, Dollar, Gold React? The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on

Author TradingKey

12 hours ago

The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on

WTI Crude Oil Falls to $90 Level. Iran Situation Cools Suddenly, Strait of Hormuz June Opening Seen Unlikely On June 8, tensions in the Iran conflict cooled abruptly, and both major crude oil futures fell. WTI crude futures briefly retreated to around the $90 level. As of press time, it was up 0

Author TradingKey

15 hours ago

On June 8, tensions in the Iran conflict cooled abruptly, and both major crude oil futures fell. WTI crude futures briefly retreated to around the $90 level. As of press time, it was up 0

WTI edges lower to near $89.50 as Iran, Israel agree to halt attacks West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday.

Author FXStreet

20 hours ago

West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday.

Gold Drops Below $4,300 Erasing Year-to-Date Gains. This Week’s CPI May Ignite Rate Hike Expectations Will Gold Still Rise in 2026?During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e

Author TradingKey

Yesterday 09: 58

During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e

Bitcoin Supply In Loss Crosses Critical Threshold — Bullish Reversal Next?After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier

Author NewsBTC

Yesterday 01: 16

After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier

Popular Symbols